Today's Date: Add To Favorites
Baker & McKenzie Advises MacarthurCook
Law Firm News | 2007/04/20 08:41
Baker & McKenzie's Asia Pacific REIT team has assisted MacarthurCook, one of Australia’s emerging international real estate investment managers, on the successful acquisition of 12 Singapore industrial properties for S$316.2 million (US$208 million). The properties formed the initial portfolio of the MacarthurCook Industrial REIT (“MI-REIT”), which commenced trading on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) yesterday. It is intended that more industrial properties will be acquired in Asia for the MI-REIT.

Baker & McKenzie's Asia Pacific REIT team for this transaction was co-led by the partners Ai Ai Wong in Singapore and Lewis Apostolou in Melbourne who worked collaboratively with support from lawyers in Singapore and Australia.

Commenting on the deal in Singapore, Ai Ai Wong said: “This is a very exciting time for MacarthurCook particularly as the new MI-REIT will enable our client to achieve their principal investment objective of owning and investing in a diversified portfolio of income-producing real estate located throughout Asia.” Lewis Apostolou, in Melbourne, Australia, added: “We are delighted to have had the opportunity to continue our collaboration with MacarthurCook, and to assist them as they successfully expand their investment management business internationally.”

This is the second time Baker & McKenzie has acted for MacarthurCook in connection with a Singapore offering, having concluded the secondary listing of the MacarthurCook Property Securities Fund on the Singapore Stock Exchange in December 2006. On that occasion, Baker & McKenzie acted as Australian legal counsel, and Colin Ng & Partners as local counsel in Singapore.

The new MI-REIT contributes to the growing track record that Baker & McKenzie’s Asia-Pacific REIT team has built over the last 18 months, with the team acting on a number of strategic REIT deals including:

• Advising ARA Asset Management (Prosperity) Limited, the Manager of Prosperity REIT, on its IPO, listing and post IPO property acquisitions in Hong Kong.

• Advising Guangzhou Investment Company Limited (GZI) on the establishment and listing of GZI REIT - the first listed REIT with PRC mainland properties on the Hong Kong Stock Exchange.

• Advising GuocoLand (Malaysia) Berhad on the establishment and IPO of the Tower REIT on the Malaysian Stock Exchange.  

• Acting for the issuer Fubon Financial on the IPOs and listings of both the Fubon No.1 and No. 2 REITs on the Taiwan Stock Exchange.

• Advising the underwriter of the Tokyo Growth J-REIT which consists of 46 offices and residential properties and is listed on the Tokyo Stock Exchange.

Baker & McKenzie’s Global REIT team is also active in other REIT markets around the world including in Europe, where new REIT legislation continues to be introduced by European governments.



Former Qwest CEO Nacchio is guilty on 19 counts
Securities | 2007/04/20 08:30

Former Qwest Communications CEO Joseph Nacchio was convicted Thursday by a federal jury on 19 of 42 counts of insider trading. Nacchio illegally sold 1.33 million shares valued at $52 million dollars in conjunction with the Denver-based telephone service provider's account scandal between April 26 and May 29, 2001. Nacchio faces a maximum sentence for each count of up to 10 years in prison and a $1 million fine. The federal jury acquitted Nacchio of 23 counts of insider trading originating before April 2001. Nacchio's sentencing is slated for July 27, and he is currently free on $2 million bail. Nacchio and other former Qwest executives still face a class action lawsuit and civil charges brought by the Security and Exchange Commission. Another former Qwest employee, ex-Vice President Marc Weisberg, pleaded guilty to wire fraud in December 2005 and helped prosecutors build their case against Nacchio.



House passes DC congressional voting rights bill
Law Center | 2007/04/20 07:30

The US House of Representatives passed the District of Columbia House Voting Rights Act (HR 1905) Thursday, which could increase official House membership for the first time since 1960. The bill, which passed 241-177, would make the District of Columbia a congressional district with full voting rights in the House, and as a compromise with Republicans, add a temporary at-large seat for Utah. Utah came close but fell short of obtaining a new district after the 2000 census. The future of the bill in the less Democratically-dominated Senate is far from certain, however, and President George W. Bush has threatened a veto, calling the bill unconstitutional.

The District of Columbia currently has a delegate in the House, Eleanor Holmes Norton, who is able to vote in committee and on some amendments, but is not allowed to vote on the final passage of a bill. A February report by the Congressional Research Service flagged the potential unconstitutionality of any bill granting a House vote for the District, focusing on the language in Article I, Section 2, Clause 1 of the Constitution that the House is to be comprised by the "people of the several States."



Anti-Castro militant released from US custody on bail
International | 2007/04/20 05:33

Cuban anti-Castro militant Luis Posada Carriles posted bond and was released from a New Mexico jail on Thursday after ongoing debate about his release. Carriles, 79, a former CIA operative trained by the US for the failed anti-Castro Bay of Pigs invasion in 1961, was arrested in 2005 for illegally entering the United States and had been under the custody of immigration officials. Earlier this month, US District Judge Kathleen Cardone ruled that Carriles should be released, and set bail at $250,000. Federal prosecutors filed an emergency motion appealing the ruling, to keep him in jail pending his immigration trial. On Tuesday, the US Court of Appeals for the Fifth Circuit ruled that Carriles could post bond and be released, after ordering a temporary injunction Friday blocking his release until a final ruling this week. Carriles will remain under house arrest and electronic surveillance, as required by the court order.

Carriles is due to be deported for entering the US illegally. A US immigration judge delayed his deportation in 2005, after having determined that Carriles cannot be sent to Venezuela, where he is a naturalized citizen, or to Cuba, the country of his birth, for fears that he would be tortured. Carriles is accused of orchestrating the 1976 bombing of a Cuban airliner, as well as numerous assassination attempts on Cuban President Fidel Castro, and has previously sought asylum in the US. Earlier this week, a lawyer representing the government of Venezuela accused the US of preventing Carriles' extradition and obstructing justice. Castro issued a statement condemning the district court's ruling [JURIST report]. Carriles is wanted in both countries on terrorism charges.



DOJ seeks dismissal of Guantanamo habeas cases
Breaking Legal News | 2007/04/20 05:32

The US Department of Justice (DOJ) on Thursday sought the dismissal of all pending Guantanamo Bay detainee habeas corpus cases in the US District Court for the District of Columbia. The motion to dismiss was filed in response to the US Supreme Court denying petitions for certiorari earlier this month on two cases challenging the Military Commissions Act (MCA). The US Court of Appeals for the DC Circuit had upheld the habeas-stripping provisions of the act in February. In Thursday's motion, the DOJ argued that February's motion, and this month's denial of cert, means that all litigation should be in the DC Circuit. The DOJ stressed that lawyers will continue to be allowed to meet with their clients during a "reasonable transition period," but in the future, client-visit priority will be given to lawyers who are pursuing litigation in the DC Circuit court.

The MCA, signed into law last October, denies federal courts the right to hear habeas corpus petitions. Shortly after the bill was enacted, the DOJ notified the DC Circuit that it no longer had authority to hear such cases. The court had stayed the almost 200 cases affected by the act, pending the legal challenges to the MCA.



Two Defendants Plead Guilty to Internet Music Piracy
Venture Business News | 2007/04/20 02:09

Two defendants pleaded guilty to conspiracy to unlawfully reproduce and distribute copyrighted music over the Internet, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney Chuck Rosenberg of the Eastern District of Virginia announced today.

Arthur Gomez, 25, of La Habra, Calif., pleaded guilty before U.S. District Judge Leonie M. Brinkema. His sentencing has been scheduled for July 13, 2007, at 9:00 a.m. Sergey Ribiakost, 21, of Bardonia, N.Y., pleaded guilty on April 17, 2007, before U.S. District Judge James C. Cacheris. His sentencing is scheduled for July 10, 2007, at 1:00 p.m. Both defendants pleaded guilty to one count of conspiracy to commit copyright infringement and face up to five years in prison, a fine of $250,000, and three years of supervised release.

Gomez and Ribiakost were leading members in the illegal software, game, movie and music trade online, commonly referred to as the warez scene. The defendants were active members of the pre-release music group Apocalypse Crew (APC), one of a handful of organized online criminal groups that acted as “first-providers” of much of the pirated music available on the Internet.

As a pre-release music group, APC sought to acquire digital copies of songs and albums before their commercial release in the United States. The supply of such pre-release music was often provided by music industry insiders, such as radio DJs, employees of music magazine publishers, or workers at compact disc manufacturing plants, who frequently receive advance copies of songs prior to their commercial release. Once a group prepared a stolen work for distribution, the material is distributed in minutes to secure computer servers throughout the world. From there, within a matter of hours, the pirated works are distributed globally, filtering down to peer-to-peer and other public file-sharing networks accessible to anyone with Internet access.

Ribiakost and Gomez represent the 46th and 47th convictions resulting from Operation FastLink, an ongoing federal crackdown against the organized piracy groups responsible for most of the first stage of illegal distribution of copyrighted movies, software, games and music on the Internet. Operation FastLink has resulted, to date, in more than 120 search warrants executed in 12 countries; the confiscation of hundreds of computers and illegal online distribution hubs; and the removal of more than 50 million dollars worth of illegally copied software, games, movies and music from illicit distribution channels. Operation FastLink is the culmination of multiple FBI undercover investigations, including an investigation into online pre-release music groups led by FBI agents from the Washington field office.

In the past five years, beginning with Operation Buccaneer in 2001, Operation FastLink in 2004, and Operation Site Down in 2005, the Department’s prosecutions of top piracy organizations have resulted in more than 100 felony convictions in the U.S. for copyright infringement and conspiracy to commit copyright infringement.

This case was prosecuted by Jay V. Prabhu, trial attorney for the Criminal Division’s Computer Crime and Intellectual Property Section. The Recording Industry Association of America (RIAA) and its member companies assisted and cooperated with the FBI’s investigation in this case.



GM reports record sales in the first quarter
World Business News | 2007/04/20 02:08

General Motors sold record 2.26 million cars and trucks around the world in the first quarter of 2007, according to preliminary sales figures released Thursday. GM global first quarter sales were up by 67,000 vehicles, or 3 percent, compared with sales of 2.19 million in the first quarter 2006. Global market share is estimated at 13.0 percent, compared with 13.1 percent a year ago.

"GM posted record sales in the first quarter driven by exceptionally strong demand in emerging markets," said John Middlebrook, GM vice president, Global Sales, Service and Marketing Operations.

"We saw more than 20 percent growth in the Asia/Pacific region and had 17 percent growth in the Latin America, Africa and Middle East region," he said.

In the Asia/Pacific region, GM sold a record of 388,000 vehicles. GM remained the top-selling automaker in China and sold 100,000 vehicles in a month for only the second time.

In the Latin America, Africa and Middle East region, GM sales reached an industry-best 269,000 vehicles, a record for the fist quarter and up 17 percent in volume compared with 2006. Sales in Brazil were up 12 percent for the quarter.



[PREV] [1] ..[1008][1009][1010][1011][1012][1013][1014][1015][1016].. [1177] [NEXT]
All
Class Action
Bankruptcy
Biotech
Breaking Legal News
Business
Corporate Governance
Court Watch
Criminal Law
Health Care
Human Rights
Insurance
Intellectual Property
Labor & Employment
Law Center
Law Promo News
Legal Business
Legal Marketing
Litigation
Medical Malpractice
Mergers & Acquisitions
Political and Legal
Politics
Practice Focuses
Securities
Elite Lawyers
Tax
Featured Law Firms
Tort Reform
Venture Business News
World Business News
Law Firm News
Attorneys in the News
Events and Seminars
Environmental
Legal Careers News
Patent Law
Consumer Rights
International
Legal Spotlight
Current Cases
State Class Actions
Federal Class Actions
Starbucks appears likely to ..
Supreme Court will weigh ban..
Judge in Trump case orders m..
Court makes it easier to sue..
Top Europe rights court cond..
Elon Musk will be investigat..
Retired Supreme Court Justic..
The Man Charged in an Illino..
Texas’ migrant arrest law w..
Former Georgia insurance com..
Alabama woman who faked kidn..
A Supreme Court ruling in a ..
Court upholds mandatory pris..
Trump wants N.Y. hush money ..
Supreme Court restores Trump..


Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet.
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Legal Document Services in Los Angeles, CA
Best Legal Document Preparation
www.tllsg.com
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
East Greenwich Family Law Attorney
Divorce Lawyer - Erica S. Janton
www.jantonfamilylaw.com/about
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
  Law Firm Directory
 
 
 
© ClassActionTimes.com. All rights reserved.

The content contained on the web site has been prepared by Class Action Times as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Affordable Law Firm Web Design